Connect with us

Hi, what are you looking for?

News

Tencent Looking To Acquire 100% Of Funcom

It seems that Chinese company Tencent are looking to acquire 100% of Funcom as the company’s management and supervisory boards have recommended that shareholders accept an offer by Tencent to acquire the company.

Currently owning 29% of Funcom, Tencent are now looking to acquire the company with a valuation of $148 million.

Rui Casais, CEO of Funcom, said in a press release:

“We have had a great relationship with Tencent as our largest shareholder so far and we are excited about this opportunity. We will continue to develop great games that people all over the world will play, and we believe that the support of Tencent will take Funcom to the next level. Tencent will provide Funcom with operational leverage and insights from its vast knowledge as the leading company in the game space.”

Funcom currently own several MMORPGs including Age of Conan, The Secret World, Pets vs Monsters, and Anarchy Online.

Advertisement. Scroll to continue reading.
Comments

You May Also Like

News

Keen Software House have released update 1.181 for their popular space game Space Engineers. This new update fixes major multithreading issues and performance optimizations....

3DS

The latest issue of Famitsu has revealed that Big John Games is developing a new game in their Cube Creator series titled Cube Creator...

News

In what is one of the holy grails for NES collectors, a Nintendo M8 demo unit has been put up for sale on eBay....

News

The latest issue of V-Jump has confirmed the first two DLC characters for Dragon Ball FighterZ will be Broly and Bardock. Broly will feature...

Advertisement